THE OPERATOR OF THIS WEBSITE IS NOT A LENDER, does not make credit decisions, and does not charge any application fees. This Website does not constitute an offer or solicitation to lend. This Website provides a service wherein we submit the information you provide to our funding partners. Providing your information on this Website does not guarantee that you will be approved for a merchant cash advance. The provider may perform a credit check or otherwise verify the information you provide. All financial terms of the merchant cash advance will be provided to you by the funding partner. Advance terms, conditions, and policies vary. Cash transfer times may vary between providers and may depend on your individual financial institution. Advance repayment periods vary by business factors such as time in business, industry and business cash flows. Rather than calculating an APR like a bank loan, a Merchant Cash Advance works on a fixed cost. Merchant Cash Advances do not have APR’s because there is no annualized interest rate applied to the payback amount. We add a fixed cost to your initial funding amount, so you don’t have to calculate a percentage rate. You will be provided with the exact fixed cost prior to making any agreement with us or our partners. The repayment math is simple, take the amount you are funded + the fixed cost amount = the amount you payback. The fixed cost depends on various factors regarding your business and you, as well as the specific Advance Turn you choose. This fixed cost is an established amount and it is usually called a Factor Rate. Your Factor Rate is decided by things like, the length of time you’ve been in business, total advance amount and your business’s gross monthly revenues. We provide our clients with a variety of options when choosing a Merchant Cash Advance. We will evaluate the health of your business and help you get the rate/fixed cost that is right for you. The terms and conditions will be provided in writing and you will speak with a funding specialist for all explanations and any questions or clarifications before you make any agreement. For a general guideline the average fixed cost “Factor Rate” usually ranges from 1.19 to 1.40 for every dollar in funding for your business. There are no fees for an early repayment of a Merchant Cash Advance.
